9126 - IRAs, 401(k)s & Other Retirement Plans

Your Retirement Companion

1. Types of Retirement Plans

    Qualified Plans

    Individual Retirement Accounts

    Almost-Qualified Plans

    Nonqualified Plans

2. An Overview of Tax Rules

    Taxation Fundamentals

    General Income Tax Rules for Retirement Plans

    Income Tax on Qualified Plans and Qualified Annuities

    Special Income Tax Rules for Tax-Deferred Annuities

    Special Income Tax Rules for IRAs

    How Penalties Can Guide Planning

3. Early Distributions: Taking Your Money Out Before the Law Allows

    Exceptions to the Early Distribution Tax

    Calculating the Tax

    Reporting the Tax

    Special Rules for IRAs

4. Substantially Equal Periodic Payments

    Computing Periodic Payment

    Implementing and Reporting Your Decision

    Modifying the Payments

5. Required Distributions: Taking Money Out When You Have To

    Required Distributions During Your Lifetime

    Death Before Required Beginning Date

    Death After Required Beginning Date

    Special Rules for Tax-Deferred Annuities

    Special Rules for Roth IRAs

    Penalty

    Reporting the Penalty

    Waiver

6. Required Distributions During Your Lifetime

    Required Beginning Date

    Computing the Required Amount

    Designating a Beneficiary

    Special Rules for Annuities

    Divorce or Separation

7. Distributions to Your Beneficiary If You Die Before Age 70 ½

    Determining the Designated Beneficiary

    Spouse Beneficiary

    Nonspouse Beneficiary

    No Designated Beneficiary

    Multiple Beneficiaries, Separate Accounts

    Multiple Beneficiaries, One Account

    Trust Beneficiary

    Estate as Beneficiary

    Annuities

    Divorce or Separation

    Reporting Distributions from IRAs

8. Distributions to Your Beneficiary If You Die After Age 70 ½

    Administrative Details

    Spouse Beneficiary

    Nonspouse Beneficiary

    No Designated Beneficiary

    Multiple Beneficiaries, Separate Accounts

    Multiple Beneficiaries, One Account

    Trust Beneficiary

    Estate as Beneficiary

    Annuities

    Divorce or Separation

9. Roth IRAs

    Taxation of Distributions

    Early Distribution Tax

    Ordering of Distributions

    Required Distributions

10. Roth 401(k) Plans

    Taxation of Distributions

    Early Distribution Tax

    Ordering of Distributions

    Required Distributions

Appendixes

A. IRS Forms, Notices and Schedules

Certification for Late Rollover Contribution

Form 4972, Tax on Lump-Sum Distributions

Form 5329, Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts

Form 5330, Return of Excise Taxes Related to Employee Benefit Plans

Form 5498, IRA Contribution Information

Form 8606, Nondeductible IRAs

Revenue Ruling 2002-62

B. Life Expectancy Tables

Table I: Single Life Expectancy

Table II: Joint Life and Last Survivor Expectancy

Table III: Uniform Lifetime Table

Table IV: Survivor Benefit Limits

Index